VAT Review Services in Dubai Our VAT Review Services in Dubai come with strong objective of achieving perfection and error-free VAT Compliance through our VAT Review Services. Using the latest technology and data tools we ensure that VAT Review Services are upto the mark and serving our clients at our best. With mounting budget pressures, structural reforms and the introduction of VAT penalties in UAE, it has never been more important to critically review the Transactions for better compliance and VAT Filing in Dubai. Our VAT review services in Dubai are designed to do just that. As well as a systematic examination of a client’s VAT records, we also review procedures and policies in order to document current practices, determine the level of VAT awareness and compliance and to recommend areas of improvement and more importantly; future VAT savings/refunds. VAT review services include: VAT Expenditure Reviews We condu...

Avoiding Fines, Penalties while Managing Value Added Tax in United Arab Emirates Fines and Penalties Directory in UAE regarding Value Added Tax As the cost of doing business increases in Gulf Region (this article focuses on United Arab Emirates) it also comes with add-ons/ top-ups of fines and penalties. Why I termed the Fines and Penalties as Top-up or add-on because when you pay fine for some mistake, non-compliance, tax theft, tax embezzlement, tax omissions, and paying such fines/ penalties does not exempt the taxpayer/ taxable person from paying the actual due tax as per tax law in United Arab Emirates. There are 2 sections for this one is the Fees for Services provided by the Federal Tax Authority and Administrative Penalties for Violations of Tax Laws in the UAE . Federal Tax Authority’s Service Fees Cabinet Decision No.(39) of 2017 on Fees for Services Provided by the Federal Tax Authority outlines the fees to be collected for the services provided by the FTA...